Lodging Tax Advisory Committee Meeting

Agenda City of Ocean Shores Lodging Tax Advisory Committee Special Meeting Join Zoom Link Click Here Join Zoom Phone Phone: 1.253.215.8782 Meeting ID: 893 7881 9626 Passcode: 571639 Tuesday Ocean Shores Library October 3, 2023 573 Point Brown Ave NW 3:30 PM Ocean Shores, Washington Page Call to Order 3 1. Notice of Special Meeting 10.03.2023 Roll Call Approval of Meeting Agenda New Business 5 2. Request A Request of the Lodging Tax Advisory Committee of the City of Ocean Shores, Washington approving itemized recommendations for the use of Lodging Tax Funds  Presented by: Lodging Tax Advisory Committee Chair, Lisa Scott  Committee Action 2023-2024 Lodging Tax Use Applications Public Communication - 3 Minutes The Lodging Tax Advisory Committee is accepting written comments to be submitted to the City Clerk at slogan@osgov.com no later than 2:00 PM on October 3, 2023. Next Meeting Page 1 of 5 Page 3. Set Date if Needed Adjourn Page 2 of 5  CITY OF OCEAN SHORES, WASHINGTON NOTICE OF SPECIAL MEETING LODGING TAX ADVISORY COMMITTEE MEETING Tuesday, October 3, 2023 3:30 PM NOTICE IS HEREBY GIVEN that the Lodging Tax Advisory Committee of the City of Ocean Shores will hold a Special Meeting on Tuesday October 3, 2023 at 3:30 PM at the Ocean Shores Library located at 573 Point Brown Ave NW, Ocean Shores, Washington 98569. Remote attendance is available via Zoom. The Agenda is attached. ____________________________ Sara D. Logan, City Clerk City of Ocean Shores September 29, 2023 Copies: Lodging Tax Advisory Committee Public Postings 1. Notice of Special Meeting 10.03.2023 Page 3 of 5 Page 4 of 5  2024 LTAC Revenue Estimate and Funding Requests 2023 2024 Beginning Fund Balance (Fund 105-Hotel/Motel Tax) $ 817,804 $ 629,811 Estimated Hotel/Motel Tax Revenue (as of 9.25.23) $ 1,400,000 $ 1,300,000 Total estimated funds available $ 2,217,804 $ 1,929,811 Convention Center Requests: CC Debt Payment to 206 Fund $ 50,000 $ - CC Operations $ 808,684 $ 638,954 CC Repairs and Maintenance Reserve $ 400,000 $ 450,000 Total Convention Center Requests $ 1,258,684 $ 1,088,954 Total Remaining $ 959,120 $ 840,857 Other Requests: Razor Clam Festival $ 10,000 $ 10,000 Sand & Sawdust $ 25,000 $ 25,000 Hog Wild $ 5,000 $ 10,000 Round Up Square Inc. $ 19,000 $ - Coastal Interpretive Center $ 150,000 $ 110,000 Grays Harbor Youth Athletics $ 10,000 $ 10,000 Olympic Culinary Loop $ 5,000 $ - North Beach Community TV (Prowse) $ 2,500 $ 3,500 Beachcombers Heritage $ 4,500 $ 7,500 VFW (surplus) $ 5,000 $ - North Beach Community TV (surplus) (Johnston) $ 5,000 $ 18,000 North Beach Independent Media (surplus) $ 20,000 $ 20,000 Associated Arts of Ocean Shores (surplus) $ 33,000 $ 49,000 Ocean Shores Parks and Conservation Foundation (surplus) $ 35,309 $ - Ocean Shores Marketing Coalition $ - $ 80,000 Ocean Shores Lion Club $ - $ 33,624 Bridge League Application $ - $ 7,500 Too Cool Sportswear $ - $ 25,000 Accent Marketing (Artisan Faire) $ - $ 10,044 City of Ocean Shores (Public Works) $ - $ 5,319 Sounds for the Shores $ - $ 45,000 Accent Marketing (Chili Cookoff) $ - $ 12,394 Total Other Requests $ 329,309 $ 481,881 Total All Requests $ 1,587,993 $ 1,570,835 Projected Ending Fund Balance $ 629,811 $ 358,976 Ending Fund Balance Target (per Resolution No. 826) $ 192,981 Amount Remaining $ 165,995 2. Request A Request of the Lodging Tax Advisory Committee of the City o... Page 5 of 5